The AA has announced it is to replace its previous telephone account with a telephone 12 month fixed rate bond. This fixed term product is operated by telephone and pays a yearly rate of 3.74% (3.68% monthly) on a minimum investment of £5K. No early access is permitted, although additions are allowed whilst the issue remains open, which will likely add to its appeal. At 3.74%, it sits just below the current market leading one year bond. The product has been awarded four out of five Moneyfacts stars.
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